Watch the above video. The reason we have massive income inquality is becaues goverment prints trillions of dollars, the super-rich benefit from this money first (before it devalues), get richer, and then the middle class and poor become poorer. The reason we didn’t have this kind of inequality in the past is because the government… Continue Reading →
College Is A Bad Idea, Part 234
You only need to watch the first 5 minutes of the above video to get the gist. A self-made billionaire making the exact same points I’ve been making about college for years. The cost of college has gone up ten times since the 80s. Even if you adjust for inflation, the cost has quadrupled. At… Continue Reading →
Old People In China Start Cracking The Whip On Their Grown Children
You can’t make this stuff up. Ready for this? Some old people in China got upset that their grown children weren’t visiting them often enough. So a bunch of them sued their own children. They won. China has now imposed new laws stating that grown children are required by law to visit their parents on… Continue Reading →
Fun With Minimum Wage
I like Funny or Die. It’s a good site and there’s some entertaining stuff over there. However like all Hollywood enclaves it’s extremely left-wing in its messaging, to the point where circular logic doesn’t seem to bother them. In the video, Mary Poppins quits because she can’t afford to live. This is because, she complains,… Continue Reading →
Where Americans Are Moving To
Great map right here that shows exactly which states Americans are moving to, and away from. Not surprisingly, the states people are fleeing from are the high tax, high cost of living industrial states. The worst are New Jersey, Illinois, and New York. Also not surprisingly, they are moving mostly towards low-tax states, like Nevada,… Continue Reading →
The Economics of Jennifer Anniston
Recently I was listening to a radio show where they were reporting on Jennifer Anniston’s recent remodel of her house. She and her husband were doing things like relocating entire stairways, adding on multiple wings, etc. The entire cost of this little remodel was $21 million. One of the commentators immediately went into the predictable… Continue Reading →
The Greatest Century
What was the greatest century in all of human history? The 20th? The 17th? Something earlier perhaps? There’s actually some consensus about this. Most historians consider the century between 1815 and 1914 as the greatest century of all of human history. Why? Primarily because of two factors: A) Massive advances in technology, trade, and standard… Continue Reading →
I Can’t Believe I Agree With Ralph Nader
Watch the latest video at video.foxnews.com It’s a very strange world we live in where a small-government libertarian jerkwad like me finds himself agreeing with most points made by Ralph Nader, who is as socialist as they come. I don’t agree with all of his points, but certainly with more than two-thirds of them. Here are… Continue Reading →
Germany’s Biggest Bank Owns More In Derivatives Than 20X The Size Of Germany
Holy shit. The green bar above is the entire GDP of Germany. The blue is the entire GDP of the Eurozone. The red is Deutsche Bank’s current derivative exposure. Isn’t that nice? Let’s put this in perspective. Germany is considered, probably correctly, Europe’s strongest economy. Deutsche Bank is the largest bank in Europe, and the argument could… Continue Reading →
Bureaucracy Always Wins
Alan Weiss describes yet another example of how the entire US healthcare system is a ripoff. We’ve just received a bill this month from the hospital–where the care was superb–telling us that of the $125 cost of the walker, insurance paid for everything but $12.94, so would we please remit. I think you can see… Continue Reading →
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